Global Lead Acid Battery Market 2019-2024 | Growth with Prominent Players, Top Regions and Applications

According to the new market research report “Lead Acid Battery Market by Technology (Basic, Advanced Lead Acid), Type (Stationary, Motive), Construction Method (Flooded, VRLA), End-User (Utilities, Transportation, Industrial, Commercial & Residential), and Region – Global Forecast to 2024″, published by MarketsandMarkets™, the global Lead Acid Battery Market is projected to reach USD 52.5 billion by 2024 from an estimated USD 41.6 billion in 2019, at a CAGR of 4.7% during the forecast period. This growth can be attributed to factors such as the need to integrate renewable energy to the main grid, and the booming data industry promising the installation of several data centers across the globe, which expects the utilization of lead acid batteries for backup power supply.

The VRLA segment is expected to be the largest Lead Acid Battery Market, by construction method, during the forecast period

The Valve Regulated Lead Acid (VRLA) segment is expected to be the largest market during the forecast period. The VRLA batteries comprise absorbent glass mat (AGM) and gel cells. These are new technology-driven construction methods, including the presence of adsorbent glass material and silica gel, respectively. These methods ensure the longevity of the batteries and require less maintenance compared to regular lead acid batteries. In the times to come, these batteries are likely to be preferred over conventional flooded lead acid batteries due to their various advantages.

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The advanced lead acid battery is expected to be the fastest-growing segment of the Lead Acid Battery Market, by technology, during the forecast period

The advanced lead acid battery has carbon coatings on the anode plate, which eliminates the requirement of cleaning the lead sulfate deposition on the electroplate. At the same time, the life of the anode electrode is enhanced, eventually increasing the overall life of the battery set. It provides benefits like rapid charging on regenerative breaking. This is a significant advantage of advanced lead acid batteries, as this task is difficult to achieve with regular lead acid batteries. Although comparatively heavier and larger than lithium-ion, these batteries are cost-effective, efficiently operating at low and subfreezing temperatures, and does not require active cooling.

Asia Pacific to account for the largest share of the global Lead Acid Battery Market

In this report, the Lead Acid Battery Market has been analyzed with respect to five regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. The Asia Pacific region is estimated to dominate the global Lead Acid Battery Market in 2019, owing to the requirement of cost-effective energy solutions. The presence of a large automotive and manufacturing base in the region is expected to be the key driver for market growth. Increasing energy consumption in the area due to rapid industrialization and urbanization is expected to propel the growth of the market over the forecast period.

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Key Market Players

The major players in the global lead acid battery market are EnerSys (US), Exide Industries (India), GS Yuasa (China), Clarios (US), Panasonic (Japan), Chaowei Power (China), Narada Power (China), HBL Power Systems (India), Crown Battery (US), NorthStar (Sweden), Hitachi Chemical (Japan), Exide Technologies (US), Teledyne Technologies (US), East Penn (US), Hankook AltasBX (Korea), HOPPECKE (Germany), C&D Technologies (US), Rolls Battery (Canada), Camel Power (Malaysia), Amara Raja Power System (India), Xupai Battery (China), Okaya Power (India), Leoch International Technology (Hong Kong), Harbin Coslight Power (China), and First National Battery (South Africa).

Key Questions Addressed by the Report

• What are the revolutionary technology trends that will be seen over the next five years?
• Which of the lead acid battery market elements will lead by 2024?
• Which of the construction method segments will have the maximum opportunity to grow during the forecast period?
• Which will be the leading region with the highest market share by 2024?
• How are OEM companies introducing their lead acid battery in different applications?

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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MarketsandMarkets™ INC.
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Pressure Switch Market Outlook 2018 – Huge Growth, Trends, Revenue and In-Depth Analysis 2023

The report "Pressure Switch Market by Type (Electromechanical, Solid State), Pressure Range (Below 100 bar, 100–400 bar, Above 400 bar), Application (HVAC, Monitoring & Control, Safety & Alarm Systems, Hydraulics & Pneumatics), End-User - Global Forecast to 2023", The pressure switch market is expected to grow from an estimated USD 1.69 billion in 2018 to USD 2.09 billion by 2023, at a CAGR of 4.39%, from 2018 to 2023. Rising focus on process automation and rising investments in the transportation sector are expected to drive the pressure switch market. Moreover, the low cost of pressure switches coupled with their multi-functionality has resulted in wide use of pressure switches in applications in oil & gas, chemicals, power generation, water & wastewater, and mining industries.  

                             

Browse 65 market data Tables and 41 Figures spread through 120 Pages and in-depth TOC on "Pressure Switch Market - Global Forecast to 2023"

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The electromechanical segment is expected to hold the largest share of the pressure switch market, by type, during the forecast period.

The electromechanical segment led the pressure switch market in 2017 and is projected to have the largest market share, during the forecast period. Increasing deployment of electromechanical pressure switches in commercial and industrial applications is likely to drive the demand for the electromechanical segment in the pressure switch market.

The HVAC segment of the pressure switch market, by application, is expected to grow at the highest CAGR during the forecast period.

The HVAC segment is projected to grow at the highest CAGR from 2018 to 2023. As a part of HVAC systems, equipment such as pumps, compressors, fans, air conditioners, and so on are used and pressure switches are used to control these equipment. The use of pressure switches helps HVAC systems to operate at optimum levels and improved maintenance. The companies such as Honeywell, BD | Sensors, Barksdale, and KOBO among others are involved in provision of pressure switches for HVAC applications. So, the rising demand of HVAC systems has led to highest CAGR of pressure switches in HVAC segment from 2018 to 2023.

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The automotive & transportation segment of the pressure switch market, by end-user, is expected to grow at the highest CAGR during the forecast period.

The automotive & transportation segment is projected to grow at the highest CAGR from 2018 to 2023. Pressure switches play a vital role in the automotive & transportation segment by providing monitoring and control system to various applications such as railway, marine, and roadways. For instance, in railways, pressure switches are used for brakes, horn operation, air suspension, shoe gear, and compressor control, etc. Thus, the increasing use of pressure switches for major applications in the automotive sector and increasing investments in the transportation sector is expected to drive the demand for pressure switches in the automotive & transportation sector.

Asia Pacific: The leading market for pressure switch

The pressure switch market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, South America, Europe, and Middle East & Africa. Asia Pacific led the global pressure switch market in 2017. China and Japan are the largest markets for pressure switches in the region. The government of China plans to enhance the investments toward process and manufacturing industries, thus creating a demand for the pressure switch market in the country. Meanwhile, Japan is one of the technologically advanced producers of automobiles, electronics, ships, and processed industries. Therefore, factors such as increasing investments toward the transportation and manufacturing sector is expected to drive the pressure switch market in the region.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the pressure switch market. The key players ABB (Switzerland), Eaton (Ireland), Danfoss (Denmark), Schlumberger (US), and Parker (US). The leading players are adopting various strategies to increase their shares in the pressure switch market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Drilling Tools Market Growth Analysis, Worldwide Trends, and Top Players, 2022

The report "Drilling Tools Market by Type (Drill Bits, Drilling Tubulars, Drilling Motors, Drill Reamers and Stabilizers, Drill Collars, Drill Jars, Drill Swivels, Mechanical Thrusters), Application (Onshore and Offshore), and Region - Global Forecast to 2022", The drilling tools market is expected to grow from an estimated USD 6.83 Billion in 2017 to USD 8.61 Billion by 2022, at a CAGR of 4.75%, from 2017 to 2022. This market growth worldwide is driven by the increased drilling activities and the development of unconventional hydrocarbon resources.

                                                                           

Browse 77 Tables and 30 Figures spread through 124 Pages and in-depth TOC on "Drilling Tools Market - Global Forecast to 2022"

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Onshore application segment is expected to hold the largest share of the drilling tool market, by application, during the forecast period.

Onshore segment is expected to be the largest market for drilling tools, by application, in 2017. Approximately 70% of the total oil and gas production in the world takes places at onshore fields. These fields are easier to operate from an exploration perspective and require less capital investment as compared to offshore fields. Formations in onshore wells are more stable during the drilling process than those in offshore. Market demand for drilling tools from onshore segment is also the fastest-growing. US and China with vast onshore reserves present ample market opportunities in this onshore segment.

North America is expected to be the fastest-growing drilling tools market.

In this report, drilling tools market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, Middle East, Africa, and South America. North America is expected to be the largest and the fastest-growing market, by region, during the forecast period. Increasing shale gas production and energy reforms of respective countries would drive the growth of the drilling tools in the region. Asia Pacific is expected to be the second fastest-growing market for drilling tools.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the drilling tools market including Schlumberger (US), Halliburton (US), Weatherford (Switzerland), Baker Hughes GE (US), and National Oilwell Varco (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com